Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.041%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$370as in the Funding arb table

Net, price: spread back to 7d avg − costs−$343as in the Price arb table

costs, in and out, $10k−$3343.336% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.369%−$37 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.041%, 7d avg +0.051%

Together, before fees−0.341%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.092% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02441	0.0100	pay 0.0050% / 4h	3h 33m	$174K	$60K	50x
Short	OKX STABLE-USDT-SWAP	0.02440	0.0100	get 0.0050% / 4h	3h 33m	$201K	$419K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.051%: −$9.2
Slippage, 4 orders: −$308.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$342.76
Costs to cover: 3.336%
Break-even: never at this rate

Slippage from Gate: live order book, 13 min ago; OKX: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 13 min ago	6.16 bp	121.7 bp −$122	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 18 min ago	4.11 bp	33.0 bp −$33	2150.2 bp −$21.5K	doesn't fit	doesn't fit

STABLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin STABLE-USDT	+0.0090%	4h	0.02439	−0.082%	$115K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02454	+0.541%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02441	−0.016%	$857K	$183K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02440	−0.041%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02441	+0.011%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02443	+0.070%	$1.5M	$816K	25x	as long as short
OKX STABLE-USDT-SWAPshort	+0.0100%	4h	0.02440	−0.041%	$201K	$419K	20x
Gate STABLE_USDTlong	+0.0100%	4h	0.02441	long leg	$174K	$60K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02440	−0.041%	$583K	$161K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02446	+0.205%	$177K	$29K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02441	0.000%	$281K	$93K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02441	0.000%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02441	+0.003%	$143K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02441	−0.012%	$1K	$892K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02439	−0.069%	$12K	$134K	10x	as long as short